A new market study, titled “Global Electric Parking Brake Market Size, Status and Forecast 2023” has been featured on Market Research Future. The global market is all set to gain substantial ground with 7% CAGR during the forecast period (2018-2023)
The rising concerns for safety and comfort in vehicles are predicted to push the electric parking brake system market share. The increased availability of interior cabin space is projected to open up new possibilities for expansion in the electric parking brake systems market in the global market. Furthermore, the necessity to reduce CO2 emissions is anticipated to transform the electric parking brake market in the upcoming forecast period.
Competitive Analysis
The significant players in electric parking brake system market are Continental AG (Germany), TBK Co., Ltd. (Tokyo), DURA Automotive Systems (US), Svenska Kullagerfabriken AB (Sweden), ZF Friedrichshafen AG (Germany), Hyundai Mobis Co., Ltd. (South Korea), Wuhu Bethel Automotive Safety Systems Co., Ltd (China), Mando-Hella Electronics Corp. (South Korea), Aisin Seiki Co., Ltd. (Japan), Küster Holding GmbH (Germany), Zhejiang Wanchao Electric Appliance Co., Ltd. (China) are among others.
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Segmental Analysis
The segmental assessment of the electric parking brake system market is conducted based on sales channels, components, type, region, and vehicle type.
- Based on the sales channel, the electric parking brake system market has been divided into OEM and aftermarket.
- Based on the component, the electric parking brake system market has been segmented as actuator, electronic control unit (ECU), and switch.
- On the basis of the types, the electric parking brake system market has been segmented into cable-pull system and electric-hydraulic caliper system.
- Based on the vehicle types, the electric parking brake system market has been segmented into light commercial vehicles, passenger cars, and heavy commercial vehicles.
- Based on the regions, the electric parking brake system market consists of Europe, North America, Asia-Pacific, and the rest of the regions.
Detailed Regional Analysis
The regional investigation of the electric parking brake system market encompasses North America, Asia-Pacific, Europe, and the rest of the regions. The regional market in North America is anticipated to govern the electric parking brake system market in the future due to augmentation in the implementation of electric parking brakes in the vehicles. Furthermore, in Mexico, there are a growing number of auto ancillary production firms that supply the automotive electric parking brake market. The amplification in sales of vehicles in the US will lead to the development of the electric parking brake market in the forecast period.
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Electric Parking Brake Market Segmentation
- Electric Parking Brake Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
- Financial Data
- Product Landscape
More…
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